What are the risks in buying Bank owned?

Most Bank owned properties are sold as is. PURCHASER is accepting the property in its current condition and releases the VENDOR from any liability for any problems found after closing. The Buyer is responsible for their own judgement in buying "AS-IS" property. However, you CAN perform a home inspection just like you would with purchasing any other homes on the market. You can walk away before closing if the home inspection is unsatisfactorily.